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RBI Policy To Help Prop Up Rupee, Ensure Financial Stability: Bankers

RBI Policy To Help Prop Up Rupee, Ensure Financial Stability: Bankers

The Reserve Bank on Friday raised the key interest rate by 50 basis points to 5.40 per cent -- the third straight increase since May. With the latest hike, the repo rate, or the short-term lending rate at which banks borrow has crossed the pre-pandemic level...

05 August 2022
Unacceptably High Inflation Led To 50 Bps Rate Hike; Expect Measured Policy Moves From Now: Shaktikanta Das

Unacceptably High Inflation Led To 50 Bps Rate Hike; Expect Measured Policy Moves From Now: Shaktikanta Das

Stating that there are signs that headline inflation, which has breached the 6 per cent upper threshold set for the RBI for six consecutive months, has peaked,...

05 August 2022

Reserve Bank of India to Set Up Committee For Mumbai Interbank Offer Rate: What Is MIBOR?

Mumbai Interbank Offer Rate (MIBOR) is the rate at which banks lend money from each other for liquidity, finance, and other short-term needs. The RBI is...

RBI Monetary Policy: Now File Unresolved Credit Score Complaints With Central Bank Ombudsman

RBI Monetary Policy: Now File Unresolved Credit Score Complaints With Central Bank Ombudsman

Reach out directly to the Reserve Bank of India (RBI) ombudsman if you have unresolved credit score issues with any credit information bureau

05 August 2022

RBI Monetary Policy: BBPS To Process Inbound Bill Payments From NRIs, To Benefit Senior Citizens

RBI monetary policy announces major relief for senior citizens by enabling bill payments from overseas through Bharat Bill Payment System (BBPS).

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05 August 2022
RBI Hikes Repo Rate By 50 Basis Points To 5.4%

RBI Hikes Repo Rate By 50 Basis Points To 5.4%

With the latest hike, the repo rate or the short term lending rate at which banks borrow has crossed the pre-pandemic level of 5.15 per cent


30 July 2022
RBI Imposes Restrictions On 3 Co-operative Banks

RBI Imposes Restrictions On 3 Co-operative Banks

With imposition of restrictions on Jaiprakash Narayan Nagari Sahakari Bank, Basmatnagar, depositors will not be able to withdraw funds from their accounts, the...


12 July 2022
RBI Imposes Penalty Of Rs 1.7 Crore On Ola Financial Services

RBI Imposes Penalty Of Rs 1.7 Crore On Ola Financial Services

The penalty has been imposed in exercise of powers vested in RBI under Section 30 of the Payment and Settlement Systems Act, 2007


11 July 2022
RBI Announces Measures For International Trade Settlement In Rupees

RBI Announces Measures For International Trade Settlement In Rupees

Before putting in place this mechanism, banks will require prior approval from the Foreign Exchange Department of the Reserve Bank of India (RBI), the central...


06 July 2022
RBI Unveils Measures To Check Rupee Fall; Raises Overseas Borrowing Limits For Companies

RBI Unveils Measures To Check Rupee Fall; Raises Overseas Borrowing Limits For Companies

Unveiling measures soon after the close of financial markets on Wednesday, the central bank said that all capital flows barring portfolio investments remain...


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04 July 2022
RBI Imposes Penalty On Kotak Mahindra Bank, IndusInd Bank

RBI Imposes Penalty On Kotak Mahindra Bank, IndusInd Bank

Besides, the RBI has also imposed penalties on four co-operative banks.


01 July 2022
RBI Ask Banks To Test Note Sorting Machines On Quarterly Basis

RBI Ask Banks To Test Note Sorting Machines On Quarterly Basis

Following demonetisation in November 2016, the Reserve Bank issued new notes of Rs 200, Rs 500, and Rs 2000, besides releasing new series for other...


30 June 2022
Threat Posed By Cryptos Justifies Harsh Measures By Govt, Says RBI Governor; Bitcoin Falls

Threat Posed By Cryptos Justifies Harsh Measures By Govt, Says RBI Governor; Bitcoin Falls

The price of Bitcoin fell 4.45 and that of Ethereum by 8.87 per cent in the last 24 hours


30 June 2022
Cryptocurrencies Are ‘Clear Danger’: RBI Governor

Cryptocurrencies Are ‘Clear Danger’: RBI Governor

The government is in the process of finalising a consultation paper on cryptocurrencies after gathering inputs from various stakeholders and institutions


30 June 2022
Economy On Recovery Path; Inflationary Pressure, Geopolitical Risks Warrant Careful Handling Of Situation: RBI

Economy On Recovery Path; Inflationary Pressure, Geopolitical Risks Warrant Careful Handling Of Situation: RBI

The RBI's 25th Financial Stability Report (FSR) also said banks as well as non-banking financial institutions have sufficient capital buffers to withstand...


29 June 2022
Proper Interpretation Of Data Necessary For More Informed Decision Making: RBI Governor

Proper Interpretation Of Data Necessary For More Informed Decision Making: RBI Governor

Das mentioned that lockdowns in various countries, including India, posed severe challenges to the compilation and availability of data relating to the spread...


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24 June 2022
Fintech Players Seek At Least 1 Year Sunset Clause On RBI Directive On Credit Lines By PPI Issuers

Fintech Players Seek At Least 1 Year Sunset Clause On RBI Directive On Credit Lines By PPI Issuers

Earlier this week, the RBI directed the non-bank prepaid payment instrument (PPI) issuers to stop providing credit lines on such PPI cards and asked them to...


22 June 2022
RBI Governor Flags Continued High Inflation As 'A Major Concern': MPC Minutes

RBI Governor Flags Continued High Inflation As 'A Major Concern': MPC Minutes

As per the minutes of the three-day meeting, the Governor said while high inflation continues to be the major concern, revival of economic activity remains...


20 June 2022
Adverse Global Events May Lead To $100 Billion Portfolio Outflows, Says RBI Article

Adverse Global Events May Lead To $100 Billion Portfolio Outflows, Says RBI Article

The article, titled 'Capital Flows at Risk: India's Experience' published in the RBI's latest bulletin, further said in a 'black swan' event comprising a...


17 June 2022
RBI Payments Vision 2025 Aims 3-fold Increase In Digital Payments

RBI Payments Vision 2025 Aims 3-fold Increase In Digital Payments

The document also talks about ring-fencing of domestic payment systems, including the need to mandate domestic processing of payment transactions, in view of...


17 June 2022
DeFi Poses Challenge To Regulators Because Of Its Anonymity, Says RBI Governor

DeFi Poses Challenge To Regulators Because Of Its Anonymity, Says RBI Governor

Reserve Bank of India Governor Shaktikanta Das was addressing a BFSI Summit in Mumbai where he said that de-centralised finance poses unique challenge to...


16 June 2022
RBI Lifts Restrictions On Mastercard

RBI Lifts Restrictions On Mastercard

The central bank had barred the US-based payment gateway from onboarding new customers until it complies with Storage of Payment System Data norms


16 June 2022
India Better Placed Than Many Other Economies To Avoid Stagflation, Says RBI Article

India Better Placed Than Many Other Economies To Avoid Stagflation, Says RBI Article

The article, published in the RBI's June bulletin, noted that global economic conditions continue to deteriorate as ratcheting up of commodity prices and...


16 June 2022
Banks, Financial Institutions Should Proactively Undertake Stress Testing Of Loan Books: RBI DG Rao

Banks, Financial Institutions Should Proactively Undertake Stress Testing Of Loan Books: RBI DG Rao

The gross non-performing assets and net NPAs of banks improved to 5.97 per cent and 1.7 per cent as of March 31, 2022, from 9.23 per cent and 3.66 per cent as...


14 June 2022
Follow Instructions In Letter And Spirit While Funding Infra Projects Of Govt Entities: RBI To Banks

Follow Instructions In Letter And Spirit While Funding Infra Projects Of Govt Entities: RBI To Banks

Banks/ financial institutions have also been found to have violated RBI's instructions which require that in case of projects undertaken by government-owned...


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